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Thread: The Lucrative "Ponzi" Business

  1. Feb 12th, 2010, 04:33 PM #1
    MJ DeMarco
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    Default The Lucrative "Ponzi" Business

    The fall of Scott Rothstein: Fort Lauderdale attorney Scott Rothstein ran a $1.2 billion Ponzi scheme in South Florida - South Florida Sun-Sentinel.com
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  2. Feb 12th, 2010, 04:38 PM #2
    bflbob
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    Default Re: The Lucrative "Ponzi" Business

    Amazing. Will they never learn?
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  3. May 19th, 2010, 01:03 PM #3
    MJ DeMarco
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    Default Re: The Lucrative "Ponzi" Business

    Here is the US Treasury auction coming up ... check out the goodies!!

    U.S. Treasury - Auctions
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  4. May 19th, 2010, 01:17 PM #4
    Cat Man Du
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    Default Re: The Lucrative "Ponzi" Business

    Quote Originally Posted by PhxMJ View Post
    The fall of Scott Rothstein: Fort Lauderdale attorney Scott Rothstein ran a $1.2 billion Ponzi scheme in South Florida - South Florida Sun-Sentinel.com
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    Yep......knew OF him....saw his cars around!
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  5. May 19th, 2010, 03:57 PM #5
    FDJustin
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    Default Re: The Lucrative "Ponzi" Business

    Every time I read about a ponzi scheme, I'm tempted to cross over to the dark side, make a product and start a new MLM. :/
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  6. May 19th, 2010, 04:18 PM #6
    Bobo
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    Default Re: The Lucrative "Ponzi" Business

    Anyone who wears that tie on a date other than 4/1 or 10/31 deserves prison.
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  7. May 19th, 2010, 06:56 PM #7
    mkzhang
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    Default Re: The Lucrative "Ponzi" Business

    I just read their entire email trail posted on that website, reminded me of the people I deal with everyday, being in this business (not ponzi scheme mind you) is tough.

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  8. May 19th, 2010, 08:38 PM #8
    tchandy
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    Default Re: The Lucrative "Ponzi" Business

    Quote Originally Posted by PhxMJ View Post
    Here is the US Treasury auction coming up ... check out the goodies!!

    U.S. Treasury - Auctions
    Some nice goodies.

    On a seperate note, is it reasonable when you have money to buy all of these "goodies"? Couldn't it have been better to have a few of the goodies and then spend the money on investments? Just thinking out loud.

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  9. May 20th, 2010, 07:39 AM #9
    PaulRobert
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    Default Re: The Lucrative "Ponzi" Business

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  10. May 20th, 2010, 11:20 AM #10
    MJ DeMarco
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    Default Re: The Lucrative "Ponzi" Business

    Quote Originally Posted by tchandy View Post
    Some nice goodies.

    On a seperate note, is it reasonable when you have money to buy all of these "goodies"? Couldn't it have been better to have a few of the goodies and then spend the money on investments? Just thinking out loud.

    Tom
    I'm sure he did have investments, but ill-gotten assets are confiscated and forfeited once the gov't thinks it is fraud.
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  11. May 20th, 2010, 12:22 PM #11
    Jill
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    Default Re: The Lucrative "Ponzi" Business

    That's the EXACT GranTurismo I want!!! Argh.
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  12. May 20th, 2010, 03:53 PM #12
    andviv
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    Default Re: The Lucrative "Ponzi" Business

    I thought your GT was the red one... or was that Greg's ???
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  13. May 20th, 2010, 05:27 PM #13
    Jill
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    Default Re: The Lucrative "Ponzi" Business

    Nope. Netunno Blue for me.
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  14. Oct 13th, 2010, 10:28 PM #14
    Bozigian
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    Damn that sucks for him. Looks like he wont be riding in his yacht or sports car anymore
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  15. Mar 6th, 2011, 11:10 PM #15
    slickclique
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    Default

    For me, the whole Rothstein debacle had hit very close to home.

    I worked for a Dr. here in town who had intertwined his business dealings with this scumbag. The pretentious bunch here in South Florida simply fell into what MJ describes as get rich easy, and boy did they get burned. They relinquished control to ole Scott.

    Between Rothstein and Madoff, the takeaway is: You gotta stay in control.
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